Major U.S. stock indexes are down about 2% as traders reacted to a grim employment report and other negative economic news.
The Dow Jones industrial average plummeted 224 points, or 1.8%, to 12,170, erasing its gains for the year.
The broader Standard & Poor's 500 index was down 26 points, or 2%, to 1,284.
The tech-focused Nasdaq was down 64 points, or 2.2%, to 2,764.
The first piece of bad news came when the Labor Department said employers added just 69,000 jobs in May, less than half of what analysts were anticipating and the smallest gain in a year.
The unemployment rate rose for the first time in nearly a year, to 8.2% in May.
Then the Institute for Supply Management said its index of American factory activity came in under expectations, dipping to a level of 53.5 in May, from 54.8 in April.